How Much Do Real Estate Brokers Make In 2018

Table of Contents

In this salary guide, you will find out how much do Real Estate Brokers make.

After reading this, you will be able to make a decision if working as a Real Estate Broker will suit your financial goals (e.g: buying a home, BMW or just your target salary goal).

Average salary

Annual salary

$79340 per year

Hourly wage

$38.140 per hour

One of the most popular questions we get from our readers here at OwlGuru is how much do Real Estate Brokers make per year and what is their hourly wage.

According to BLS, the average annual salary of Real Estate Brokers is $79340. Their salary can also be as low as $24370 if you’re still a newbie with no experience to over $162260 if you have a ton of experience under your belt.

The typical hourly pay is $38.140 and can range from $11.720 to $78.010 which also depends if you’re a newbie or a professional.

Just like any other job, the salary of A Real Estate Broker will vary based on your education and experience level.

# = Over $100 per hour or $200,000 per year.

Salary rank

A

We wanted to make it easy for our readers to compare the salary of A Real Estate Broker to all the other careers out there. So we created Salary Rank.

This compares the salary of all careers and we give them a rank of A, B, C or D depending on how high or low is their average salary.

After comparing how much do Real Estate Brokers make with other careers, they have a salary rank of A.

Become one

Interested in the career of a Real Estate Broker? Find the right schools that can help you to become one. This service is free thanks to our sponsors.

Colleges, Universities, and Professional Schools (including private, state, and local government schools)

36.56

76040

Educational Services, State government owned

35.97

74820

Colleges, universities, and professional schools, State government owned

35.97

74820

Management of Companies and Enterprises

35.68

74210

Educational Services (including private, state, and local government schools)

35.25

73320

Activities Related to Real Estate

32.53

67660

Local Government, excluding schools and hospitals

30.12

62650

Local government, including schools and hospitals

30.09

62580

Federal, state, and local government, including government owned schools and hospitals, and the US Postal Service

28.25

58770

Federal, State, and Local Government

27.57

57340

Federal, State, and Local Government, excluding state and local schools and hospitals, and the US Postal Service

27.57

57340

State government, including schools and hospitals

26.17

54420

Insurance Carriers

24.65

51280

Direct Insurance (except Life, Health, and Medical) Carriers

24.58

51120

State Government, excluding schools and hospitals

24.17

50280

Depository Credit Intermediation

21.6

44930

Not all industries pay the same for Real Estate Brokers.

One of the easiest way to increase your salary is to change industries and find a higher paying one.

Highest paying states

State

Hourly

Annual

DC

$71.51

$148730

NH

$63.75

$132600

NV

$58.39

$121440

OH

$57.54

$119680

HI

$57.03

$118630

MA

$53.62

$111530

NY

$51.69

$107520

TX

$51.02

$106120

WA

$48.35

$100560

NJ

$48.2

$100250

Another simple way to boost your pay as A Real Estate Broker is to move to a higher paying state. However moving to a higher paying state like DC doesn’t mean you will make more overall. This is because the expenses at DC may be 2x higher than where you are currently living at right now.

According to the BLS, the highest paid / most successful Real Estate Brokers are in the states of DC, NH, NV, OH and HI. The average salary in DC is $148730.

They plan, direct, or coordinate the selling, buying, leasing, or governance activities of commercial, industrial, or residential real estate properties. Includes managers of homeowner and condominium associations, rented or leased housing units, buildings, or land (including rights-of-way).

They sell or solicit advertising space, time, or media in publications, signage, TV, radio, or the Internet. Includes individuals who obtain leases for outdoor advertising sites or persuade retailers to use sales promotion display items.

Additional resources

http://www.bls.gov/OOH/sales/real-estate-brokers-and-sales-agents.htmhttp://www.nareb.com/http://www.realtor.org/ [schema type=”review” url=”https://www.owlguru.com/” name=”OwlGuru.com” description=”OwlGuru.com is a career and college finder site. We help students to find a career and college that is right for them.” rev_name=”Real Estate Brokers” rev_body=”Real Estate Brokers operate real estate office, or work for commercial real estate firm, overseeing real estate transactions. Other duties usually include selling real estate or renting properties and arranging loans.” author=”Stanley Tan” user_review=”4″ min_review=”1″ max_review=”5″ ]